- Following the announcement of Slack's acquisition, many investors have wondered what they should do with their shares.
- In this note, I discuss two points primarily: 1) thoughts on outperforming the market and 2) the synergies of a Slack/Salesforce union. What I'm calling Slackforce.
- Ultimately, Salesforce will very likely do quite well for the next decade in terms of growth and share price performance, especially with Slack now in its arsenal.
- And once growth slows, Salesforce will have decades of capital return program generated returns (i.e., buybacks/dividends that juice returns).
- I rate Salesforce, or Slackforce, if you will, a buy at $220.
For further details see:
Slackforce: The Benioff-Butterfield Bonanza